Strongest indications of correction completion at 6825.80 and Fresh Rally above 9119.20

Nifty-EOD Chart (29-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-3 on long Chart beginning at 4531.15 on 20-12-2011
2- Wave-3 completion and corrective Wave-4 beginning at 9119.20 on 04-03-2015 
3- Corrective Wave-4 recent bottom of correction at 6825.80 on 29-02-2016
4- 12 Months correction with Bullish Flag formations
5- Lower falling line of Bullish Flag testing on 29-02-2016 

Conclusions from EOD chart analysis 

As whole 12 months correction from 9119.20 to 6825.80 is with Bullish Flag formations and Nifty has not slipped below its lower falling line yet therefore Bullish Flag is valid till now and resultant hopes of fresh up moves above life time high(9119.20) are still alive.

On Long Charts now corrective Wave-4 is on which is correcting that impulsive wave-3 which started from 4531.15 on 20-12-2011 and completed at 9119.20 on 04-03-2015. Fibonacci Retracement levels of Wave-3(4531-9119) are as follows:-

1- 13.0%-8522
2- 23.6%-8036
3- 27.0%-7880
4- 38.2%-7366
5- 50.0%-6825(Tested on 29-02-2016 with intraday lowest formation at 6825.80)
6- 61.8%-6283
7- 70.7%-5875
8- 76.4%-5613
9- 78.6%-5512 
10-88.6%-4531 

Nifty tested today lower falling line of Bullish Flag at 6825.80 which is exactly at 50.0% Fibonacci Retracement level(6825) and all the Long Term Oscillators are oversold as well as Nifty recovered 110 points within 3 minutes which is Panic Bottom formations confirmation therefore:- 

1- Strongest indications of last 12 months Long Term correction completion today at 6825.80.
2- Very much expected that finally 6825.80 will be proved the lowest of that correction which begun at 9119.20 on 04-03-2015  
3- Finally fresh rally above 9119.20 will be seen before or immediately after Budget 2017-18 

Although tough to believe it today but just click following topic links and verify on yours own our following previous predictions also:-  

1- Posted on 06-09-2015- "Next Target of Nifty at 7104.30"
2- Posted on 13-09-2015- "Finally correction continuation towards 7104/6761"
3- Posted on 07-01-2016- "Correction Continuation towards 7104/6761"

(When we are projecting such Bullish Indian markets at that time Dow Jones is trading 110 points down and FIIs were net sellers by Rs 2018.02 cr today)

Finally up moves above today highest(7094.60)

Intra Day Chart Analysis & Market Outlook

(01-03-2016)

Nifty-Intra Day Chart (29-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- High volatility
2- Down moves in Bullish Falling Channel during last Hours between 6970-7094
3- Whole day actual trading between 6826-7094

Nifty-Intra Day Chart (Feb 24 to Feb 29,2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 4 Sessions intraday charts

1- Previous 3 sessions trading between 6962-7090 
2- Today last 2 Hours Down moves in Bullish Falling Channel between 6970-7094

Conclusions from 4 Sessions intra day chart analysis 

Although high volatility today but as such selling patterns formations were not seen despite 42.70 points down closing but on the contrary Down moves in Bullish Falling Channel during last 2 Hours therefore Short Term up moves expectations are still alive. As following factors therefore some volatility between 6869-7252 may be seen in the coming sessions:-

1- Opposition parties may disrupt parliament on  privilege motion against Smriti Irani issue which will certainly hamper sentiment of Indian Stock markets.
2-  Certainly Long Term correction is very much on and no confirmation of its completion yet and higher levels multiple resistances up to 7252 therefore more consolidation is required for correction completion.

As per our view Indian markets are in consolidation phase after last 1 year correction and it will take its own complete time in the same manner as happened after 2008 correction that Nifty remained sideways for 5 months within 998 points between 2253-3241 from 27-10-2008 to 02-04-2009. 5 months trading range broken out after closing above 3241 on 02-04-2009 which made 9119.20 on 04-03-2015. 

Last 14 sessions most time trading between 6869-7252 and today closing within it after intraday lowest below it at 6826 and at present Nifty will be understood sideways within it,valid break out of this range will confirm Intermediate Term Trend. As Both lower levels supports and higher levels selling between 6869-7252 therefore market has to prepare for next decisive moves within this range.

Previous 3 sessions trading between 6962-7090 and today closing near the lower levels of this range but last 2 Hours today Down moves(6970-7094) within this range in Bullish Falling Channel which is a consolidation pattern therefore finally up moves are expected above today highest(7094.60) in the coming 2/3 sessions after some more follow up consolidation but first indication of last 1 year correction completion will be after sustaining above 7252.

Mid-session Outlook(29-02-2016)

Following lines were told at 01:08 AM today in "Short Term up moves Expectations with confirmation through 6869-7252:-

1- As Union Budget 2016/17 at 11:00 AM on 24-02-2016 and opposition attitude had been to disrupt parliament also therefore such uncertainly may result high volatility,
2- for precaution valid break out of last 13 sessions range(6869-7252) should also be watched for next Trend confirmations.

Although never happened in history on Budget day but today opposition tried to disrupt parliament immediately after opening on privilege motion against Smriti Irani. It means that Parliament may be again disturbed in the coming day like previous 2 sessions which will certainly hamper sentiment of Indian Stock markets.

As such uncertainly therefore high volatility is being seen today and for precaution valid break out of last 13 sessions range(6869-7252) should be watched for next Trend confirmations 

Short Term up moves Expectations with confirmation through 6869-7252

Technical Analysis,Research & Weekly Outlook

(Feb 29 to Mar 04,2016)

Nifty-EOD Chart (26-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-5 completion at 9119.20 on 04-03-2015 and Wave-A of 'ABC' correction beginning after life time high formation)
2- Wave-1 of Wave-A(8269.15 on 27-03-2015)
3- Wave-2 of Wave-A(8844.40 on 15-04-2015)
4- Wave-3 of Wave-A(7997.15 on 07-05-2015)
5- Wave-4 of Wave-A(8489.55 on 22-05-2015)
6- Wave-5 of corrective Wave-A completion(7940.30 on 12-06-2015) and Wave-B beginning
7- Wave-B completion and corrective Wave-C beginning(8654.75 on 23-07-2015)
8- Wave-1 of Wave-C(7539.50 on 08-09-2015)
9- Wave-2 of Wave-C(8336.30 on 26-10-2015)
10- Wave-3 of Wave-C continuation with recent bottom formation at 6869.00 on 12-02-2016 and Pull Back Rally beginning
11- Wave-1 of Pull Back Rally completion at 7252.40 on 22-02-2016 and its correction beginning
12- Wave-2 of Pull Back Rally at 6961.40 on 25-02-2016 and Up moves beginning with higher bottom formation.

Conclusions from EOD chart analysis 

'ABC' correction of that rally is on which started from 5118.85 on 28-08-2013 and completed at 9119.20 on 04-03-2015. Now Wave-3 of Wave-C continuation with recent bottom formation at 6869.00 on 12-02-2016 and after that Pull Back Rally begun and its Wave-1 finished at 7252.40 on 22-02-2016. Its corrective Wave-2 started which completed at 6961.40 on 25-02-2016,in this manner higher bottom formation was seen near the lowest of correction which is an indication of Short Term up moves in the coming week.

Nifty-Micro Analysis of 15 Sessions Intra Day Chart

(Feb 08 to Feb 26,2016)

Nifty-Intra Day Chart (Feb 08 to Feb 26,2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 15 Sessions intraday charts

1- Gap down on 09-02-2016
2- Gap down on 10-02-2016
3- 13 Sessions sideways market between 6869-7252

Conclusions from intra day chart analysis 

13 Sessions sideways market between 6869-7252 and once valid break out of this range will confirm next strong Intermediate Term Trend which may be bigger also because 13 is a Fibonacci Number. As it will be little bigger range break out therefore once sustaining above 7252 will mean strong indication of that big correction which at 9119.20 on 04-03-2015. 

Nifty-Micro Analysis of 3 Sessions Intra Day Chart

(Feb 24 to Feb 26,2016)

Nifty-Intra Day Chart (Feb 24 to Feb 26,2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in last 3 Sessions intraday charts

1- Minor selling between 7060-7080 on 24-02-2016
2- Minor selling between 7075-7090 on 24-02-2016
3- All the down moves in Bullish Falling Channel on 24-02-2016
4- Mixed Patterns between 6998-7028 on 25-02-2016
5- Down moves in Bullish Falling Channels on 25-02-2016
6- Mixed Patterns between 6980-7008 on 25-02-2016
7- Down moves in Bullish Falling Channel on 26-02-2016
8- Consolidation Patterns between 6986-7008 on 26-02-2016
9- Up moves with intraday correction on 26-02-2016
10- Minor selling between 7041-7051 on 26-02-2016
11- 3 Sessions actual trading between 6962-7090 

Conclusions from 3 Sessions intra day chart analysis 

Detailed analysis of 26-02-2016 has been posted below and just click following topic links for detailed analysis of intraday charts of 24-02-2016 and 25-02-2016:- 

1- For 24-02-2016- Firstly Watch valid 6965-7090
2- For 25-02-2016- Pull Back Rally Expectations amid High Volatility

It is very much clear from the last 3 sessions trading that more consolidation developed at lower levels in comparison to higher levels selling in last 3 sessions therefore strong indications of up moves above last 3 sessions highest(7090).

Intra Day Chart Analysis(29-02-2016)

Nifty-Intra Day Chart (26-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channel
2- Consolidation Patterns between 6986-7008(Immediate Supports)
3- Up moves with intraday correction
4- Minor selling between 7041-7051
5- Whole day actual trading between 6986-7052 

Conclusions from intra day chart analysis 

Firstly down moves in Bullish Falling Channel and after that lower levels good consolidation as well as some up moves with intraday correction therefore up moves above last Friday highest(7052.90) will be seen. As minor selling was also seen in last hours between 6986-7052 so Nifty has to consolidate near about this range for decisive up moves but finally up moves are expected after follow up consolidations

Conclusions (After Putting All Studies Together)

Just click following topic links and understand the technical reasons of on going correction and for detailed analysis of EOD charts of previous rallies from 2008 as well as crucial Patterns formations during on going correction:-

1- Posted on 06-09-2015- "Next Target of Nifty at 7104.30
2- Posted on 13-09-2015- "Finally correction continuation towards 7104/6761"
3- Posted on 07-01-2016- "Correction Continuation towards 7104/6761"
4- Posted on 01-02-2016- "Pull Back rally continuation after follow up consolidation"
5- Posted on 07-02-2016- "Pull Back Rally continuation require confirmations from 7448-7479 under Volatile Global Markets"
6- Posted on 15-02-2016- "Pull Back rally Expectations but Trend Reversal after Sustaining above Most crucial Levels"
7- Posted on 22-02-2016- "Firstly Sideways Market within Crucial Levels"

Finally correction continuation towards 7104/6761 was told on 13-09-2015 and recent bottom formation at 6869.00 which is just above 6761. Certainly correction is very much on and no confirmation of its completion yet but lower levels consolidation with higher bottom formations were seen in last 11 sessions and some consolidation also developed in last 3 sessions therefore Nifty is well poised for Short Term up moves in the beginning of next week. 

Next resistances of Nifty are as follows;-

1- 7190-7252(Strong)
2- 7282-7321
3- 7480-7512
4- 7556-7600 

Next supports of Nifty are as follows which are sufficiently strong also:-

1- 6965-7025
2- 6869-6945

Expected that Nifty will move up and test above mentioned first resistance range but complete follow up consolidation is required for its crossing because it is strong resistance range. Once sustaining above 7252 will mean strong rally possibility because that will be confirmation of 13 sessions range break out also. 

As on going 11 months correction is with Bullish Flag formations therefore sustaining above 13 sessions range will mean strong possibility of Bullish Flag validity resultant emergence of strong possibilities for fresh up moves above life time high(9119.20).

As Union Budget 2016/17 at 11:00 AM on 24-02-2016 and opposition attitude had been to disrupt parliament also therefore such uncertainly may result high volatility,for precaution valid break out of last 13 sessions range(6869-7252) should also be watched for next Trend confirmations. 

Although no confirmation of 11 months correction completion yet but lower levels consolidation in last 11 sessions therefore Short Term up moves are expected in next week and that may convert into Intermediate Term also if sustains above 7252.

Live Proofs of Today market 100% Accurate Predictions

When US markets were trading flat at 08:16 PM and FIIs were net sellers by 1465.68 Cr yesterday then we told following line yesterday in "Pull Back Rally Expectations amid High Volatility":-

Pull Back Rally is expected 

As was told yesterday 100% same happened and Nifty traded 79 points up in first 5 Seconds today

Pull Back Rally Expectations amid High Volatility

Intra Day Chart Analysis & Market Outlook

(26-02-2016)

Nifty-Intra Day Chart (25-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Mixed Patterns between 6998-7028
2- Down moves in Bullish Falling Channels
3- Mixed Patterns between 6980-7008
4- Whole day actual trading between 6962-7028

Conclusions from intra day chart analysis 

Following line was told yesterday in "Firstly Watch valid 6965-7090"

Firstly Watch valid break out of 6965-7090 tomorrow for first signal of Post Budget decisive moves.

Although Nifty slipped below but closed within this range after lowest formation at 6961.40 therefore 6965 breaking down confirmation is still left and firstly sustaining beyond 6965 should be watched tomorrow for first strong signal of post Budget one sided decisive moves. 

Although Nifty closed near the lower levels of the day after whole day slipping from higher levels today but as such selling patterns were not seen but on the contrary consolidation through down moves in Bullish Falling Channel were also seen therefore strong signals of Indian markets entering into consolidation phase because consolidation patterns were seen yesterday also. 

As some consolidation in last 2 sessions therefore if follow up consolidation develops tomorrow also then minimum a Pull Back Rally will be seen after Union Budget on 29-02-2016 and we are expecting it also but market may be highly volatile in next 2 sessions because:-

1- Bottom of on going correction has not been confirmed yet.
2- No confirmation of on going correction completion yet.
3- News flow during and before Budget.
4- Uncertain and highly Global markets for the last 1 month.

Pull Back Rally is expected after follow up consolidation amid High volatility and finally next Short Term Trend confirmation will be sustaining beyond 6869-6965

Firstly Watch valid 6965-7090

Intra Day Chart Analysis &  Market Outlook

(25-02-2016)

Nifty-Intra Day Chart (24-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Minor selling between 7060-7080
2- Minor selling between 7075-7090
3- All the down moves in Bullish Falling Channel
4- Whole day actual trading between 7009-7090

Conclusions from intra day chart analysis

As following weakness in most Global markets therefore gap down opening of Indian markets and whole day negative zone trading today:-

1- Dow Jones closed 188 points down yesterday.
2- Most Asian markets were trading in Red.
3- All the European markets traded weak as well as slipped continuously after weak opening.

Although today closing near the lower levels of the day after higher levels minor selling but all the down moves in Bullish Falling Channel therefore it seems that consolidation process has been started and follow up moves consolidation in the coming sessions will mean strong rally after Union Budget on 29-02-2016.

Next supports of Nifty are as follows:-

1- 6965-7025
2- 6869-6945

As above supports are sufficiently strong therefore firstly valid break out of first support range should be watched tomorrow despite today closing within it after loosing 90 points.

Expected that Nifty will firstly trade and prepare for post Budget big moves between 6965-7090,let follow up consolidation develop within it then Post Budget rally will be considered.

Certainly major correction is on and no confirmation of its completion yet but now correction is at that level that if follow up consolidation develops in the coming 2 sessions then fresh decisive up moves will be seen after Budget which may result completion of that correction which started on 04-03-2015 from 9119.20.

Firstly Watch valid break out of 6965-7090 tomorrow for first signal of Post Budget decisive moves.

Sideways market within Crucial levels for Post Budget Big Moves Preparations

Intra Day Chart Analysis & Market Outlook

(24-02-2016)

Nifty-Intra Day Chart (23-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Nifty slipped 20 points in first 45 seconds
2- Whole day down moves
3- Whole day actual trading between 7091-7241

Conclusions from intra day chart analysis 

Who told in whole India with such guarantee at 04:30 PM yesterday without watching FII & DII Trading Activity(it is always announced after 05:30 PM) and at that time also when all the Global markets were most Bullish and blasting but we told following lines yesterday in "High Possibility of Slipping below Today Lowest(7201)":-

1- high possibility of slipping below today lowest(7201) in the coming 1/2 sessions
2- despite following Bullish moves in all Global markets at this moment:-

1- Dow's Futures now trading with 188 points up.
2- All the European markets are now trading with 1.15% to 2.57% gains. 
3- All the Asian markets closed in Green and 3 markets closed with more than 0.93% gains today.  

As was told yesterday 100% same happened through Nifty slipping below 7201 in first 7 minutes today. Not only today but "Archive" at the bottom of this Blog is live proof of this fact that such accurate Indian Stock Markets Predictions are being daily done for the last more than 5 years. Anyone can verify this fact from the "Archive" at the bottom of this Blog.

Nifty slipped 20 points in first 45 seconds and moved down continuously more than 100 points without any significant intraday up move as well as closed near the lower levels of the day after loosing 125 points. Correction is on and 7 sessions Pull back rally which fused today only after last 2 sessions intraday selling.

Next supports of Nifty are as follows which are sufficiently strong also:-

1- 6965-7025
2- 6869-6945

Next resistances of Nifty are as follows;-

1- 7190-7202
2- 7213-7321
3- 7480-7512
4- 7556-7600

It is clear from above supports and resistances that sideways market is ahead between 6869-7321 and Nifty will firstly prepare within following crucial levels one by one for post Budget big moves:-

1- 6965-7252(next trend first indication)
2- 6869-7321(next trend confirmation)

Although whole day down moves today but at this moment it will be understood only a correction of previous 7 sessions Pull Back Rally between 6869-7252. It must be kept in mind that if follow up consolidation develops in the coming sessions then strong rally will certainly be seen after Union Budget on 29-02-2016.

Expected that Nifty will remain sideways in the coming sessions within above mentioned crucial levels and will prepare for post Budget big moves. Let market prepare then will be updated according to coming sessions intraday charts patterns formations.

Nifty slipped below 7201 in first 7 minutes today 

High Possibility of Slipping below Today Lowest(7201)

Intra Day Chart Analysis & Market Outlook

(23-02-2016)

Nifty-Intra Day Chart (22-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Selling between 7230-7243
2- Selling between 7241-7252
3- Whole day actual trading between 7201-7252

Conclusions from intra day chart analysis 

Although almost whole day positive zone trading and today closing with 23.80 gains but high possibility of slipping below today lowest(7201) in the coming 1/2 sessions because sufficiently good selling patterns formations today despite following Bullish moves in all Global markets at this moment:-

1- Dow's Futures now trading with 188 points up.
2- All the European markets are now trading with 1.15% to 2.57% gains. 
3- All the Asian markets closed in Green and 3 markets closed with more than 0.93% gains today. 

Firstly Sideways Market within Crucial Levels

Technical Analysis,Research & Weekly Outlook

(Feb 22 to Feb 26,2016)

11 Months Correction with Bullish Flag formations 

Nifty-EOD Chart (19-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in EOD charts

1- Wave-3 on long Chart beginning at 5118.85 on 28-08-2013
2- Wave-3 completion and corrective Wave-4 beginning at 9119.20 on 04-03-2015 
3- Corrective Wave-4 recent bottom of correction at 6869 on 12-02-2016
4- 11 Months correction in Bullish Flag formations

Conclusions from EOD chart analysis 

As whole 11 months correction from 9119.20 to 6869 is with Bullish Flag formations and Nifty has not slipped below its lower falling line yet therefore it is valid till now resultant hopes of fresh up moves above all time high(9119.20) are still alive.

Intra Day Chart Analysis(19-02-2016)

Nifty-Intra Day Chart (19-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Minor support between 7159-7176
2- Minor selling between 7190-7202
3- Minor support between 7156-7170
4- Minor selling between 7213-7226
5- Whole day actual trading between 7159-7226

Conclusions from intra day chart analysis 

Following lines were told on 18-02-2016 in "Sideways market ahead for Post Budget big moves Preparation":-

Nifty will firstly trade and prepare for next trend near about today trading range(7128-7215)

Nifty traded most time within mentioned range(7128-7215) and closed also within it with Mixed patterns formations(both buying and selling) therefore still Nifty will be understood sideways and expected that Nifty will firstly trade and prepare for next decisive moves within and near above mentioned range.

Conclusions (After Putting All Studies Together)

As EOD charts analysis have already been updated in previous weekly analysis and no material change till now therefore has not been posted in this weekly analysis. Just click following links for detailed analysis of EOD charts from previous weekly Outlooks:-

1- Posted on 15-02-2016- "Pull Back rally Expectations but Trend Reversal after Sustaining above Most crucial Levels"
2- Posted on 07-02-2016- "Pull Back Rally continuation require confirmations from 7448-7479 under Volatile Global Markets"
3- Posted on 01-02-2016- "Pull Back rally continuation after follow up consolidation"
4- Posted on 07-01-2016- "Correction Continuation towards 7104/6761"

Immediate resistances of Nifty are as follows:-

1- 7220-7321
2- 7480-7512

Immediate supports of Nifty are as follows:-

1- 6965-7025
2- 6869-6945

Although some up moves were seen in previous week after lower levels supports but above resistances are lying just above previous weekly highest and minor selling was also seen last Friday therefore until Nifty will not sustain above 1st resistance(7321) till then decisive up moves will not be seen. As lower levels supports are also sufficiently good and Nifty requires some more preparation for next decisive moves therefore expected that Nifty will firstly trade within following crucial levels and prepare for next trend:-

1- 7128-7226
2- 6869-7321

Sideways market ahead for Post Budget big moves Preparation

Intra Day Chart Analysis & Market Outlook

(19-02-2016)

Nifty-Intra Day Chart (18-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- Distribution Patterns between 7180-7215
2- Support between 7128-7162
3- Whole day actual trading between 7128-7215

Conclusions from intra day chart analysis 

Although Nifty closed 114 points down with Bearish Engulfing Candle formation on 16-02-2016 but we were not Bearish but Bullish therefore told following lines at 12:03 AM on 17-02-2016 in "Some Up moves Expectations within Sideways Market":-

1- Nifty slipped and also closed well below 7141 today but as such selling patterns were not seen
2- today closing is also near the lower levels of the day but view will not be Bearish
3- some up moves are expected tomorrow but decisive up moves will seen above 7185.

As was told 100% same happened in last 2 sessions and Nifty gained 167 points in last 2 sessions after our above Outlook at 12:03 AM on 17-02-2016.

Pull Back rally is on but some selling was seen at higher levels today but equally good consolidation was also seen at lower levels therefore today trading will be understood with Mixed patterns formations and expected that Nifty will firstly trade and prepare for next trend near about today trading range(7128-7215) if huge one sided moves does not appear in Global markets. 

Following resistances have been posted many times in previous Outlooks:-

1- 7220-7321
2- 7480-7512

Although strong gap up opening today but Nifty could not test above mentioned 1st resistance range and selling was also seen just below it today therefore if follow up selling develops tomorrow then decisive down moves will be seen towards following next supports:-

1- 6865-7025
2- 6869-6945

As lower levels good supports and higher levels selling between 6869-7321 therefore at present Nifty will be understood sideways within this range and Nifty will trade as well as prepare for Post Budget big moves within this range. Although finally sustaining beyond 6869-7321 will decide next big moves confirmations but its first indication will be from 7128-7215 therefore should be firstly watched in the coming 2/3 sessions. 

As busy in a marriage therefore Stock Market Outlook of today is not being updated.

Some Up moves Expectations within Sideways Market

Intra Day Chart Analysis & Market Outlook

(17-02-2016)

Nifty-Intra Day Chart (16-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- 4 Hours Mixed Patterns between 7101-7185 
2- Down moves in Bullish Falling Channel in last 2 hours
3- Whole day actual trading between 7038-7204

Conclusions from intra day chart analysis 

Although Rally continuation was expected but signals of weakness emerged immediately after opening today therefore we were cautious and told following conclusive line at 09:34 AM today in "Live Proofs of Today market 100% Accurate Predictions":-

Valid break out of 7141-7182 should be firstly watched now for next decisive moves.

Nifty slipped and also closed well below 7141 today but as such selling patterns were not seen and again 4 Hours trading with Mixed Patterns between 7101-7185 today. 

It is clear that 8 Hours trading with Mixed Patterns formations between 7101-7185 in last 2 sessions and this range was broken down and today closing is also near the lower levels of the day but view will not be Bearish because last 2 hours down moves were in Bullish Falling Channel today therefore it seems that consolidation process has been started after last 11 months correction. As such long correction therefore as such good consolidation is also required for trend reversal in the same manner as happened from Oct 2008 to March 2009 after 10 months correction in 2008. 

As Down moves in Bullish Falling Channel in last 2 hours after 8 Hours trading with Mixed Patterns formations therefore some up moves are expected tomorrow but decisive up moves will seen above 7185. It should be kept in mind that at present Nifty is sideways between 6869-7321 and finally sustaining beyond this range will decide next trend. 

Live Proofs of Today market 100% Accurate Predictions

Post-open Outlook(16-02-2016)

Following lines were told yesterday in "Rally Continuation Expectations after follow up consolidation":-

1- more than 4 Hours Mixed Patterns between 7141-7182
2- therefore some more consolidation is required near about this range for decisive up moves

As was told yesterday for today trading 100% same happened immediately after today trading in following manner:-

Nifty slipped within mentioned range(7141-7182) within first 5 minutes and now trading between this range with today lowest formation at 7150.35 at this moment.

Valid break out of 7141-7182 should be firstly watched now for next decisive moves.

Rally Continuation Expectations after follow up consolidation 

Intra Day Chart Analysis & Market Outlook

(16-02-2016)

Nifty-Intra Day Chart (15-Feb-2016):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

1- 75 Points gap up opening
2- First 2 hours up moves
3- 4 Hours Mixed Patterns between 7141-7182 
4- Whole day actual trading between 7072-7182

Conclusions from intra day chart analysis 

Although Nifty closed 182 points up after 75 Points gap up opening today but we told for Pull Back Rally in all the 3 previous outlooks from 11-02-2016. Just click following link and verify live proofs on yours own:- 

Live Proofs of Today Strong Rally 100% Accurate Predictions from 11-02-2016

Nifty moved up 103 points in first 2 minutes after 75 Points gap up opening and after that some up moves as well as more than 4 Hours Mixed Patterns between 7141-7182 therefore some more consolidation is required near about this range for decisive up moves because following resistances are lying just above today highest:-

1- 7220-7321
2- 7480-7512

Pull Back rally is on and until Nifty will not sustain below 7141 after complete selling till then fresh down moves will not be considered and today started rally continuation is expected after follow up consolidation between 7141-7321. 

Live Proofs of Today Strong Rally 100% Accurate Predictions from 
11-02-2016

Following conclusive line was told on 11-02-2016 in "Bounce Back Expectations above 7090":-

Bounce back is expected above 7090

When Nifty was trading near the lower levels of the day then we told following line at 12:16 PM on 12-02-2016 in Mid-session Outlook(12-02-2016):-

a bounce may be seen at any time or Pull Back rally may also begin within 1/2 sessions.

Following lines were told at 12:37 AM on 15-02-2016 in "Pull Back rally Expectations but Trend Reversal after Sustaining above Most crucial Levels":-

1- emergence of Pull Back rally possibility in the beginning of next week
2- Pull Back rally is expected in next week

Only and only up moves through Bounce back and Pull Back rally above 7090 were predicted in all 3 previous Outlooks from 11-02-2016 and it was seen today with 137 points gains and intraday highest formations in first half hour at 7118.10.

Pull Back rally Expectations but Trend Reversal after Sustaining above Most crucial Levels

Technical Analysis,Research & Weekly Outlook

(Feb 15 to Feb 19,2016)

7 Years Waves structure after 2008 big correction

Nifty-EOD Chart (12-Feb-2016):-

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Technical Patterns and Formations in EOD charts

1- 2252.75 on 27-10-2008(Impulsive Wave-1 beginning after 2008 big correction completion)
2- Corrective  Wave 2 beginning after Wave 1 completion at 6338.50 on 05-11-2010
3- Impulsive Wave-3 beginning after 13 Months Wave-2 correction completion at 4531.15 on 20-12-2011
4- Corrective  Wave 4 beginning after many times new life time high formations and Wave 3 completion at 9119.20 on 04-03-2015
5- Corrective  Wave 4 continuation with recent bottom formation at 6869.00 on 12-02-2016

Fibonacci Retracement levels of Wave-3

Nifty-EOD Chart (12-Feb-2016):-

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Waves Structure of on going Correction

Nifty-EOD Chart (05-Feb-2016):-

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Technical Patterns and Formations in EOD charts

1- Wave-5 completion at 9119.20 on 04-03-2015 and Wave-A of 'ABC' correction beginning after life time high formation)
2- Wave-1 of Wave-A(8269.15 on 27-03-2015)
3- Wave-2 of Wave-A(8844.40 on 15-04-2015)
4- Wave-3 of Wave-A(7997.15 on 07-05-2015)
5- Wave-4 of Wave-A(8489.55 on 22-05-2015)
6- Wave-5 of corrective Wave-A completion(7940.30 on 12-06-2015) and Wave-B beginning
7- Wave-B completion and corrective Wave-C beginning(8654.75 on 23-07-2015)
8- Wave-1 of Wave-C(7539.50 on 08-09-2015)
9- Wave-2 of Wave-C(8336.30 on 26-10-2015)
10- Wave-3 of Wave-C continuation with recent botttom formation at 6869.00 on 12-02-2016

Intra Day Chart Analysis(15-02-2016)

Nifty-Intra Day Chart (12-Feb-2016):-

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Technical Patterns and Formations in today intraday charts

1- Down moves in Bullish Falling Channels
2- Up moves with intraday corrections
3- Whole day actual trading between 6869-7034

Conclusions (After Putting All Studies Together)

Correction continuation according to the 7 years Waves cycles and after that major corrections of Indian Stock Markets in following manner:-

1- In 1992- BSE Sensex rose from 1957.33 on 01-01-1992 to 4467.32 on 22-04-1992 and after corrected to 2036.81 on 26-04-1993.
2- In 2000- BSE Sensex rose to 5518.39 on 10-01-2000 and after corrected to 2651.78 on 24-09-2001.
3- In 2000- Nifty- Wave-1 beginning at 854.20 on 21-09-2001(all time lowest formation after world trade center attack on 11-09-2001) .
4- In 2008- Nifty rose to 6357.10 on 08-01-2008 and after corrected to 2252.75 on 27-10-2008.
5- In 2015- Nifty rose to 9119.20 on 04-03-2015 and after corrected to 6869.00 on 12-02-2016 and no confirmation of correction completion yet. 

On Long Charts now corrective Wave-4 is on which is correcting that impulsive wave-3 which started from 4531.15 on 20-12-2011 and completed at 9119.20 on 04-03-2015. Fibonacci Retracement levels of Wave-3(4531-9119) are as follows:-

1- 13.0%-8522
2- 23.6%-8036
3- 27.0%-7880
4- 38.2%-7366(Crucial)
5- 50.0%-6825(Crucial)
6- 61.8%-6283(Crucial)
7- 70.7%-5875
8- 76.4%-5613
9- 78.6%-5512 
10-88.6%-4531 

Corrective Wave-3 of Wave-C continuation with recent bottom formation at 6869.00 on 12-02-2016 and no confirmation of its completion yet. 50.0% Retracement level is at 6825 and if Wave-C corrects 161.8% of Wave-A then correction may remain continued up to 6747 also. As these 2 levels are crucial and if consolidation develops between or near about 6747-6825 then on going Long Term Correction completion possibility will be considered.

Although flat closing amid intraday high volatility last Friday but whole day good consolidation patterns formations therefore emergence of Pull Back rally possibility in the beginning of next week towards following next resistances:-

1- 7121-7185
2- 7220-7321
3- 7480-7512

As recent bottom(6869) is just above next most crucial levels(6747-6825) and some consolidation also seen just above it in last 2 sessions therefore signals of consolidation process beginning. 11 Months correction requires equally good consolidation and until that will not happen till then fresh rally after correction completion can not be considered. Pull Back rally is expected in next week because last 2 sessions intraday consolidations and Oscillators are in Oversold zone but Trend Reversal will get confirmations after sustaining above mentioned most crucial levels.

Live Proofs of Indian Stock Markets 100% Accurate Predictions

Nifty-Intra Day Chart(12-Feb-2016)

Live Proofs of 100% Accurate Predictions in this intraday chart

When Nifty was trading near the lower levels of the day then we told following lines today at 12:16 PM in Mid-session Outlook(12-02-2016):-

1- some indications of consolidation are emerging 
2- therefore a bounce may be seen at any time

Bounce at any time was told at 12:16 PM which started at 12:34 PM from 6869 and finished at 7034.80 after gaining 165.80 points.

For varification of above 100% Accurate predictions live proofs  have been updated above in intraday chart of  Nifty